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EMASlopeBands

I added bands to the EMASlope indicator. The bands are calculated from the volatility of the candles. The user sets a multiplier for the bands. In this pic the EMA is set to 34 and the multiplier is set to 1.57 (Pi/2). You can see that in the churn areas, the price stays within the channels of the bands until it breaks out.

Features:
Set the color of EMA and Bands according to slope (30 and 60 degrees in pic)
You can color the background according to the slope of the EMA (shown at 20% opacity).
The distance (ticks) from top band to bottom band is displayed on the screen.
Button on axis to hide the plots, allowing several EMA with different periods to show or not.
EMA Period and Band multiplier shown in button. Title shows EMA period with indie name.

R1: 3/10/21: Added margin label font size control to user panel per request from JC195461.
R2: 2/28/2022: I normalized Bands to accommodate fractional TickSize.

Trade Well...
Bob

Category NinjaTrader 8 Indicators and More

Details: EMASlopeBands
Category: NinjaTrader 8 Indicators and More

January 27th, 2021
Size: 7.16 KB
Downloaded: 718 times

Comments/ratings

topdogtony January 31st, 2021 12:52 PM

Hi just downloaded I will put it to the test -----Thank You!

Traffic February 9th, 2021 03:51 AM

Thanks, love the volatility driving the bands!

Ganymed February 10th, 2021 12:19 AM

No Comment

mrbmac February 10th, 2021 12:25 PM

Thanks for sharing, looking forward to trying it out

JC195461 February 26th, 2021 04:02 PM

Hi Bob C,

Excellent Job on the EMA Slope!!!!!!!!!!!!!!!!!

Question:
Is there a way to enlarge the Text Font for the EMAs?

Thank you,

Jeff

[email protected]

JC195461 February 26th, 2021 04:02 PM

No Comment

newell March 4th, 2021 08:29 AM

Thank you, Great addition!

vickisb March 4th, 2021 08:42 AM

Thanks so much! Is there a way to set an alert (or write an indicator to do so) when the background color changes?

wstreeter March 4th, 2021 09:10 AM

Thank you.

VictorK March 4th, 2021 11:56 AM

No Comment

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